Pi Network’s native cryptocurrency, PI, has surged to a five-month high of nearly $0.30, marking a 100% monthly gain following protocol upgrades and a new listing on Kraken. Meanwhile, Ripple‘s XRP shows signs of potential volatility with squeezed Bollinger Bands, and Shiba Inu (SHIB) approaches a technical pattern historically linked to major price increases, supported by declining exchange reserves.
Pi Network’s PI token has rallied to almost $0.30, its highest level since last October. This resurgence follows the completion of the protocol v19.9 migration and the upcoming v20.2 release scheduled for March 12.
The community is also focused on March 14, known as Pi Day, for potential ecosystem updates. However, the asset’s Relative Strength Index suggests the token may be overbought, indicating a possible short-term correction.
Ripple‘s XRP trades around $1.43, posting a modest 2% weekly increase. Popular analyst Ali Martinez noted that XRP’s Bollinger Bands have squeezed, a condition historically followed by significant market moves.
Martinez also outlined a highly bullish forecast, envisioning XRP could reach $48 in the next bull cycle. Other analysts, like TradingShot, have predicted the valuation may drop below $1 in the foreseeable future.
Shiba Inu has rallied 10% weekly to approximately $0.000006161. Analyst JAVON MARKS stated the asset appears to be nearing the breaking point of another Falling Wedge-like structure.
The last exit from such a formation preceded a 455% price explosion. Data from CryptoQuant shows SHIB tokens on exchanges have fallen to a five-year low, reducing immediate selling pressure.
